Download - Overview of Financial Statements
Overview of Financial Statements
COMPANIES
Income Statement
Statement of Retained Earnings
Balance Sheet
Pattern Followed
Preparation Date
Pepsi – Last Saturday of December
Coca Cola - 31 December
FedEx - 31 May
Unilever - 31 December
GM – 31 December
Pepsi – U.S. dollars ($)
Coca Cola - U.S. dollars ($)
FedEx - U.S. dollars ($)
Unilever – Euro (€)
General Motors - U.S. dollars ($)
Monetary Unit Used
Common Features
Accounting Period:
One Year Period
Vertical Pattern being followed
Comparison
of
Income Statement
Income Statement
It is a summarization of the company’s revenue and expense transactions for a period of time.
FEDEX
REVENUES
LESS: OPERATING EXP
OPERATING INCOME
ADD: OTHER INCOME
INCOME BEFORE TAX
LESS: PROVISION FOR INCOME TAXES
NET INCOME
COCA COLA
NET OPERATING REVENUES LESS: Cost of goods sold
GROSS PROFIT LESS: Selling, general and administrative expenses
LESS: Other operating charges OPERATING INCOMEADD: Interest income ADD: Interest expense Other income (loss) —
INCOME BEFORE INCOME TAXES LESS; Income taxes
NET INCOME
GENERAL MOTORS
TOTAL NET SALES AND REVENUES
LESS: TOTAL COSTS AND EXPENSES
NET INCOME
PEPSICO
NET REVENUES
LESS: EXPENSES
OPERATING PROFIT
ADD: INCOMES
LESS: LOSS
INCOME FROM OPERATIONS
BEFORE INCOME TAX
LESS: PROVISION FOR INCOME TAX
NET INCOME
UNILEVER
Turnover
Add: Operating Profit
Profit Before Taxation
Add: Net Profit from continuing operation
Net Profit
Depreciation MethodDepreciation Method
Pepsi – Straight Line Method
Coca Cola - Straight Line Method
FedEx - Straight Line Method
Unilever – Straight Line Method
General Motors - Accelerated Method
Retained Earnings
Portion of stockholders’ equity created by earning net income and retaining the related sources in business.
Retained Earnings Net Retained Earnings
at the beginning + Income - Dividends = at the end
of the period of the Period
COMPARISON
OF BALANCE SHEET
Balance Sheet
It lists the amount of company’s Assets, Liabilities and Owner’s Equity at the end of
the accounting period.
Assets = Liabilities + Owner’s Equity
FedExFedEx
Assets
Current Assets Property and Equipment,
at Cost Other Long-Term Assets
Liabilities and Stockholders’ Investment
•Current Liabilities
•Long-Term Debt, Less Current Portion
•Other Long-Term Liabilities
•Commitments and Contingencies
•Common Stockholders' Investment
UnileverUnilever
Assets Non-current assets Current assets
Liabilities & Shareholders Equity
•Total current liabilities
•Total non-current liabilities
•Shareholders’ equity
•Total equity
•Total capital employed
PepsiCoPepsiCo
Current Assets
• Property, Plant and Equipment, net
• Amortizable Intangible Assets, net
• Nonamortizable Intangible Assets
• Investments in Noncontrolled Affiliates
• Other Assets
Liabilities & Shareholders Equity
Current Liabilities
Total Current Liabilities
Long-Term Debt Obligations
Other Liabilities
Deferred Income Taxes
Deferred Income Taxes
Preferred Stock, no par value
Repurchased Preferred Stock
Common Shareholders’ Equity
Coca ColaCoca ColaAssets Current Assets Investment Other Assets Property and Equipment Trademarks with Indefinite
lives Goodwill Other Intangible Assets
LIABILITIES AND SHAREOWNERS’ EQUITY
•CURRENT LIABILITIES
•LONG-TERM DEBT
•OTHER LIABILITIES
•DEFERRED INCOME TAXES
•SHAREOWNERS’ EQUITY
General Motors (GM)General Motors (GM)
Assets
Current AssetsFinancing and Insurance
Operations AssetsNon-Current Assets
Liabilities and
Stockholder’s
Current liabilities Financing and Insurance
Operations LiabilitiesNon-Current Liabilities
ANY QUERIES